Time to short sell your home?
Don't know what a short sale is? A short sale occurs when you owe more than what the house is worth . This may be due to many causes, but often is a result of a rapidly declining housing market.
Short sales could be a way for homeowners to avoid foreclosure and pay off their loan with the lender by settling.
How do I proceed with a short sale?
First, assess the true market value of your property. A qualified real estate professional, like Target Cost Realty, LLC, will be able to give you a reasonable idea of what your property would probably sell for based on prior sales of similar houses in the neighborhood. Watch out for websites where a computer estimates your house's market value since they may not have complete information or know important things like neighborhood trends and current listings.
To get top dollar for your distressed real estate in Grand Prairie, it takes the level of know-how and experience we posses to get to the closing table quickly.
Contact Target Cost Realty, LLC today.
Next, find out your closing costs. My work in this area has taught me to take into account fees like title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.
Finally, call your lender and let them know of your situation. They may even have a particular team that handles short sales. Ask about their particular steps. Some lenders will be more inclined to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to give approval for the final sale.